For years u.s. automakers have been putting lots of money into developing digital technology, ranging from drivetrains and batteries for electric vehicles to a broad range of hardware and software connecting cars to the internet and to make them self-driving. Increasingly that money is being invested close to U.S. automakers ancestral home. Ford Motor Company, General Motors (GM) and Stellantis, the multinational whose 14 brands include Chrysler and Jeep, have all funded mobility and software engineering projects in Michigan lately.
Silicon Valley has notice d .Christ ian D. Malesic, president/CEO of the Silicon Valley Central Chamber of Commerce, says “We’re still number one in angel investors.... But I can also see the tech industry of Michigan expanding, especially as the car and computer start to blend even more.”
Previously, a lot of Detroit money had gone to Silicon Valley and other traditional tech hubs. Ford’s Palo Alto-based Greenfield Labs, for example, was established in 2016 to collaborate with local startups and help them bring their auto-related ideas closer to production. In 2017, Ford invested $1 billion in Pittsburgh-based autonomous driving company Argo AI, alongside investments from Volkswagen and ride share company Lyft. (Last year, Argo AI shut down, with Ford and VW absorbing its tech and employees).
Recently Ford has turned its funding attention to Michigan with major investments in the downtown Detroit area, focusing on building a creative and technological base of operations near its home in Dearborn. The com
pany spent $90 million buying the Michigan Central Station in the Corktown neighborhood of Detroit in 2018 with plans to turn it into a hub of mobility, automation and electrifica
هذه القصة مأخوذة من طبعة February 17, 2023 من Newsweek Europe.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 17, 2023 من Newsweek Europe.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Winning the Global Game
The U.S. holds more cards than China. Whether we keep our strategic advantage depends on how we play our hand
Jasmin Savoy Brown
SHOWTIME'S YELLOWJACKETS IS REALLY TWO shows in one.
Solar Power
Scientists' creation of a record-breaking \"artificial sun\" brings nuclear fusion energy a step closer to being a commercial reality
Patrick Gibson
WHEN YOU TAKE ON A ROLE THAT SOMEBODY ELSE MADE FAMOUS, IT'S not easy.
AMERICA'S BEST LOYALTY PROGRAMS 2025
LOYALTY PROGRAMS HAVE BECOME A CORNERSTONE of the modern shopping experience, offering perks and rewards designed to keep customers returning for more.
The AI Will See You Now
A light-hearted study into artificial intelligence's ability to perform cognitive tasks has raised questions around the roles of AI and doctors in health care
Trump vs.Deep State
The president and his efficiency chief Elon Musk have brought in a wave of policies affecting federal employees' jobs. Government workers spoke to Newsweek about the impact
MAD ABOUT THE GIRL
AS RENÉE ZELLWEGER REPRISES THE ICONIC CHARACTER, BRIDGET JONES' CREATOR - AND MILLIONS OF FANS, COULDN'T BE HAPPIER
Armed and Dangerous
A Ukrainian colonel reveals how North Korean soldiers compared with their Russian allies
HISTORY: Ancient Rome's Pollution Problem
Lead exposure might sound like a 21st century issue, but people were subjected to significant levels during antiquity too, which affected cognitive development
